Lot 1123
1878. NGC graded Proof 65 Red. Medium mirrors. Some light toning on the reverse. Housed in an Old Style Holder. Pop 20; 5 finer, 4 in 66, 1 in 67.
Starting in 1878, many things changed at the Mint. Proof production of minor coinage increased to two to three times the previous year's mintage. The actual mintage of minor Proofs were now recorded with accuracy. The Mint's minor coin production was based more on expected demand than actual demand. The many unsold examples were sold in bulk to local coin dealers at or near face value. Also starting this year planchet production for minor coinage was shifted from the Mint to outside sources. The quality of Proof coinage improved. Estimated Value $500 - 600
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| Realized $805 |
